Trump is calling reports of a U.S.-funded $300 billion Iran rebuild fund “Fake News” after Vice President JD Vance said Tehran could access reconstruction money under a new peace deal.
Trump lashed out Monday night on Truth Social, insisting the U.S. was not paying Iran and accusing Democrats of twisting the terms of the deal.
“Iran has agreed to never have a Nuclear Weapon! Also, the story that the U.S. is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats!!!” Trump posted.
The reconstruction-fund confusion started after an administration official described to reporters possible frozen-fund releases, sanctions relief and “a big $300 billion fund to rebuild their country” as performance-based pieces of the talks.
Vance later tried to narrow what the fund actually meant during a CBS News interview with Ed O’Keefe.
Vice President JD Vance says that the deal between the U.S. and Iran “ensures that Iran will never have a nuclear weapon, while simultaneously opening the Strait of Hormuz.”
The vice president shares more details about the agreement, including some of the obligations Iran will… pic.twitter.com/MaUZQWP3ZG
— CBS Mornings (@CBSMornings) June 15, 2026
“Well, Ed, that’s the sort of thing they could have access to, funded by the Gulf Coast Coalition, so long as they honor their end of the obligation,” Vance said.
The vice president warned that Iranian hard-liners may try to oversell what Tehran gets while playing down what it must give up.
“I think that one of the things you’re going to see, Ed — and people have to be skeptical of this — is that the hard-liners in the Iranian system will overemphasize the benefits that Iran gets, while underemphasizing all the things that they have to concede, and all the things they have to provide, in order to get these benefits,” he added.
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By Monday night, Vance was more blunt about who would not be paying. “The agreement says they are not getting a single dime of American money,” he said on “Hannity.”
Vance said any rebuilding money would have to come from other countries if Iran changes course and sanctions relief allows it back into the world economy.
“What the agreement does say, Sean, is if the Iranians behave and if there are sanctions relief and if the Iranians are integrated into the world economy, we would invite other countries, not us, but other countries to invest in their country.”
“The Iranians don’t get a dime unless they behave and change their behavior,” Vance continued.
“If they show verifiable commitment, and that means a real inspections regime, then they can get the benefits of the bargain.”
The Trump administration is selling the Iran agreement as both a diplomatic breakthrough and a hard-nosed test of Tehran.
On Hannity, Vance framed the deal as backed by the threat of renewed U.S. force.
“I’ve known President Trump for a long time. I would say that means go back and resume bombing. It could. It could be, and he would. I don’t think he would hesitate,” he remarked.
Vance described the agreement as a test case for Tehran, not a show of trust from Washington or its regional partners.
“[Our allies] don’t believe anything either. They’re not certain,” he noted. “They’re not going to predict what the Iranians are going to do five years from now, but they see real opportunity.”
He also argued Washington has the leverage. “We have the cards, and if they don’t honor the commitment, we’ll figure out what to do when we get there,” Vance added.
Trump unveiled the agreement Sunday with a victory-lap Truth Social post centered on oil traffic and the Strait of Hormuz.
“The Deal with the Islamic Republic of Iran is now complete. Congratulations to all!” Trump posted.
“I hereby fully authorize the toll-free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade.”
“Ships of the World, start your engines. Let the oil flow!,” Trump wrote.
In a second post, Trump cast himself as the president who finally accomplished what his predecessors could not.
“This Great Deal will bring Peace and Security to the whole Region,” Trump boasted. “Many presidents have tried to make Peace with Iran, and all have failed before me.”
TRUMP: This Great Deal will bring Peace and Security to the whole Region. Many presidents have tried to make Peace with Iran, and all have failed before me. The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace. With the… pic.twitter.com/uilXYg3JpT
— Breaking911 (@Breaking911) June 14, 2026
The announcement also reopened Trump’s long-running fight over the Obama-era nuclear deal he scrapped in his first term.
“The Leaders of the Region have, for the first time, found a President who can help them achieve real Peace,” Trump continued.
“With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!”
The signing is slated for Friday in Switzerland, though the White House had not settled the final logistics.
The Wall Street Journal reported that the signature could come electronically from either Trump or Vance.
Vance told Fox News that he planned to be there and left the door open for Trump to join.
In an interview with The New York Times, Trump said the strait would become “permanently toll free,” with nuclear negotiations set to start Friday in Switzerland.
Tehran’s version was messier: a 60-day free-passage window, followed by tolls for security, navigation, environmental and insurance costs.
Vance pushed back on CNBC, saying the administration’s long-term expectation remained toll-free passage.
“Our expectation is that the strait is going to be opened in a toll-free way for the long term, and that’s the sort of thing that we’re going to figure out in these technical negotiations,” he asserted.
According to Iran, the memorandum as a trigger for ending military operations, reopening Hormuz and beginning the rollback of the U.S. port blockade.
Both sides say the pact includes another Iranian promise not to produce or acquire nuclear weapons, language Tehran has used for decades.
Former President Barack Obama was skeptical that Trump’s version would improve much on the 2015 nuclear accord.
“It is doubtful that any agreement that arises is going to be significantly different or a significant improvement from the deal that we had in the first place, and had worked for a long stretch of time before we, the United States, pulled out of it,” Obama stated.
“So I’m hopeful that bombing stops and ordinary people are no longer suffering as a consequence of the war.”
Trump fired back Saturday that Obama’s deal “was an easy, beautiful, smooth road to a Nuclear Weapon.”
“My Agreement with Iran is the exact opposite, A WALL TO NO NUCLEAR WEAPON! In fact, they no longer want a Nuclear Weapon, nor will they have one, either through purchase, development, or any other form of procurement,” Trump wrote.
